CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,588	$ 2,511
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,955	1,811
Deferred income taxes and investment tax credits	558	(223)
Equity earnings	(1,190)	(1,235)
Share-based compensation expense	25	63
Fixed-price contracts and other derivatives	133	11
Bad debt expense	109	149
Other	3	7
Net change in working capital components	(745)	55
Distributions from investments	828	654
Changes in other noncurrent assets and liabilities, net	112	(261)
Net cash provided by operating activities	3,376	3,542
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for property, plant and equipment	(7,201)	(5,765)
Expenditures for investments	(1,492)	(588)
Purchases of nuclear decommissioning and other trust assets	(746)	(658)
Proceeds from sales of nuclear decommissioning and other trust assets	831	704
Other	3	11
Net cash used in investing activities	(8,605)	(6,296)
CASH FLOWS FROM FINANCING ACTIVITIES
Common dividends paid	(1,195)	(1,121)
Preferred dividends paid	(22)	(22)
Issuances of common stock	26	26
Repurchases of common stock	(58)	(41)
Issuances of debt (maturities greater than 90 days)	8,892	6,437
Payments on debt (maturities greater than 90 days) and finance leases	(4,142)	(2,216)
Decrease in short-term debt, net	(170)	(929)
Advances from unconsolidated affiliates	96	85
Contributions from contingently redeemable noncontrolling interest, net of transaction costs	3,212	0
Proceeds from investor equity subscription	106	0
Contributions from noncontrolling interests	137	1,121
Distributions to noncontrolling interests	(131)	(235)
Other	(90)	(39)
Net cash provided by financing activities	6,661	3,066
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4	(11)
Increase in cash, cash equivalents and restricted cash	1,436	301
Cash, cash equivalents and restricted cash, January 1	1,589	389
Cash, cash equivalents and restricted cash, September 30	3,025	690
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest payments, net of amounts capitalized	940	814
Income tax payments, net of refunds	339	272
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued interest receivable capitalized to note receivable	13	13
Repayments of advances from unconsolidated affiliate in lieu of distributions	45	62
Accrued capital expenditures for PP&E	1,619	1,059
Increase (decrease) in ARO capitalized to PP&E	59	(9)
Increase in finance lease obligations capitalized to PP&E	41	27
Unamortized debt issuance costs reclassified from noncurrent asset to long-term debt	49	2
Redemption of preferred stock	900	0
Preferred deemed dividends	(11)	0
Common dividends issued in stock	39	40
Preferred stock
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Dividends declared but not paid	18	22
Common stock
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Dividends declared but not paid	$ 421	$ 392